Let’s see what Gold has to offer on weekly timeframe. Probably the candle would be a pinbar one since yesterday’s move was quite significant
Same pattern but this time is going to buy rather to sell. Let’s see what happens on USDJPY on Daily timeframe
This is the hourly timeframe for USDJPY. You can still buy now with SL 20 pips below Wednesday’s low. When it’s 50+, put the SL to breakeven level.
Those who followed my setups on Gold and USDJPY last week have gathered more than 200 pips. Although some flaws on Gold since you had to do instant sell rather than waiting on the area I marked. But still, congratulations. Moving on to the next setups.
Starting with EURAUD where you can look for short-term buy on this area. You can either wait for price action confirmation or just buy with SL not more than 20 pips below.
Another one that you can take is GBPAUD where you can look for the same buy setup here. Just don’t forget to put your SL after putting an entry.
Let’s see what Gold has to offer as the price currently in a strong downtrend. Better to look for reselling setup next week till the price hit this demand area later on.
Looks like the USD is going to be strong next week at the beginning of March. Let’s take a look at few charts on major pairs. First of, USDCAD where we can spot a pinbar.
Another one spotted on GBPUSD. Some may be a bit aggressive trying to put a sell limit on such area. But let’s just wait for further confirmation later on.
Another one on NZDUSD. Wait for the price making a new low on lower timeframe. Then, find the selling opportunity.
Gold acts a bit different but still on the same track. Just touched a demand area but I’ve seen a good area with significant support resistance. If the retracement is slower than the bearish, you may sell on that area.
FreshForex congratulates those who are taking early selling setups last week. Now it is time to move forward to the next setups on major pairs.
Just wait for GBPUSD to break the trendline after hitting one of the two areas on top of the current price. We will see it this week.
Another one to wait is AUDUSD where you can expect a retracement to hit the supply area and break the trendline. Just wait and see.
NZDUSD created a new low but it might takes us a bit longer for the retracement. Just be patient for a setup to be formed while retracing to this supply area.
I didn’t expect the retracement on Gold happened on Monday. But either way, congrats to those wo took the sell.
Now let’s move on to new fresh maps for these weekdays. First is Gold which I assume would be moving up right after the price broke the trendline. You can look for buying opportunities since the supply target is still far away.
But on the other side, USDCAD is still looking for a strong demand area to reverse the current trend. Keep on lookout on this one.
